The profit made by selling an article for ₹8,800 is equal to the amount of loss incurred on selling the same article for ₹7,200. What will be the profit percent, if it was sold for ₹9,600? |
20% 25% 18% 15% |
20% |
First selling price = 8,800 Second selling price = 7200 The cost price = \(\frac{First\; selling \; price + Second \; selling \; price}{2}\) = \(\frac{8,800 + 7200}{2}\) = 8000 The new selling price = 9600 Profit = 9600 - 8000 = 1600 Profit percentage = 1600 × \(\frac{100}{8000}\) = 20% |